Deep notches in the measurement due to reflections cause complete phase rotations over narrow frequency ranges. The more recent version does a better job of removing those effects when the measurement is smoothed.
The SPL meter shows sound levels captured by the selected audio input. It doesn't generate anything. You can use the signal generator to produce output signals.
That's certainly pretty strange behaviour, I haven't seen anything like that before. You could try the mic in another application to see how that behaves.
The video is blurred so I can't see what the input is, what driver you are using or what REW version. If you are on Windows use the Java drivers and choose the input for the UMIK that starts "EXCL".